|
RECEPTION#20160051997, 8/9/2016 10:32:21 AM,
<br /> 1 of 3,R$21.00
<br /> Angela Myers, Clerk& Recorder, Larimer County, CO
<br /> Deed of Trust
<br /> DATE: June 2, 2016
<br /> GRANTOR: DIXON CANON DITCH AND RESERVOIR COMPANY,
<br /> A COLORADO NONPROFIT CORPORATION
<br /> BENEFICIARY: COLORADO WATER CONSERVATION BOARD
<br /> COUNTY: LARIMER
<br /> TOTAL LOAN AMOUNT: $280,881.00
<br /> LOAN CONTRACT NUMBER: CT2017-914
<br /> TERMS OF REPAYMENT: 2.55%INTEREST FOR 30 YEARS
<br /> PLEDGED PROPERTY: AN UNDIVIDED ONE-HUNDRED PERCENT(100%)INTEREST IN THE DIXON
<br /> CANON DAM WATER DISTRICT 3 STRUCTURE ID 3731,AND ANY
<br /> EASEMENTS, RIGHTS-OF-WAY,OR OTHER PROPERTY OR PROPERTY
<br /> INTERESTS HELD AND USED IN CONNECTION WITH THE ACCESS AND
<br /> OPERATION OF SAID DAM WHICH IS LOCATED IN SECTION 20,TOWNSHIP 7
<br /> NORTH, RANGE 69 WEST,OF THE SIXTH PRINCIPAL MERIDIAN IN
<br /> LARIMER COUNTY,COLORADO.
<br /> This indenture is between the Grantor, and the Public Trustee of the above referenced
<br /> COUNTY, State of Colorado ("PUBLIC TRUSTEE"),
<br /> FACTUAL RECITALS
<br /> 1. The GRANTOR has executed a PROMISSORY NOTE of even date and amount, set forth in the
<br /> LOAN CONTRACT, for a loan in the TOTAL LOAN AMOUNT to be repaid to the BENEFICIARY, with
<br /> TERMS OF REPAYMENT and in accordance with the PROMISSORY NOTE or until loan is paid in full.
<br /> 2. The GRANTOR is desirous of securing payment of the TOTAL LOAN AMOUNT and interest of said
<br /> PROMISSORY NOTE to the BENEFICIARY.
<br /> The GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby
<br /> grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above described
<br /> PLEDGED PROPERTY.
<br /> To have and to hold the same, together with all appurtenances, in trust nevertheless, that
<br /> in case of default in the payment of said PROMISSORY NOTE, or any part thereof, or the interest
<br /> thereon, or in the performance of any covenants hereinafter set forth or in said PROMISSORY NOTE
<br /> or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and demand for sale, said
<br /> PUBLIC TRUSTEE, after advertising notice of said sale weekly for not less than four weeks in some
<br /> newspaper of general circulation in said COUNTY, shall sell said PLEDGED PROPERTY in the manner
<br /> provided by law in effect at the time of filing said notice and demand, at public auction for cash,
<br /> at any proper place designated in the notice of sale. Out of the proceeds of said sale, the PUBLIC
<br /> TRUSTEE shall retain or pay first all fees, charges and costs and all moneys advanced for taxes,
<br /> insurance and assessments, or on any prior encumbrance, with interest thereon and pay the
<br /> principal and interest due on said PROMISSORY NOTE, rendering the overplus, if any, unto the
<br /> GRANTOR; and after the expiration of the time of redemption, the PUBLIC TRUSTEE shall execute
<br /> Appendix 6
<br /> Page 1 of 3 COLORADO WATER CONSERVATION BOARD
<br /> 1313 SHERMAN ST#718
<br /> DENVER, CO 80203
<br />
|